JERA signs LNG sales and purchase MOA with ADNOC
August 7, 2018
JERA announced that it has entered into a Memorandum of Agreement with ADNOC LNG, Abu Dhabi Gas Liquefaction Company. JERA plans to purchase up to 8 cargoes per annum from ADNOC LNG for a period of three years beginning in 2019. Deliveries will be starting in April of 2019 and will continue through to March 2022.
This MOA is in line with the Japan Fair Trade Commission ruling, issued in June 2017, which removes the strict destination clauses. JERA believes this will contribute to its ability not only to respond to fluctuations in LNG demand, but also to optimize its LNG operations.
Edited from JERA press release.